Items Tagged with '2016 Presidential election'

ARTICLES

Well America, we made it. We survived the most ridiculous, insane, over-the-top, depressing, and ultimately underwhelming campaign in modern political history and we made it. It’s #ElectionDay. So considering that we focus on housing here at HousingWire (hence the name), we felt it important to look at how housing mattered (actually it didn’t) in this election cycle.

The mortgage business is still reeling in the wake of the landmark ruling from the United States Court of Appeals for the District of Columbia Circuit, which last week declared the Consumer Financial Protection Bureau's leadership structure unconstitutional and vacated a $103 million fine against PHH. So what's the real impact of the decision? Plus, will they actually discuss housing during the final presidential debate this week?

Republican presidential candidate Donald Trump’s method to legally avoid federal income taxes for up to 18 years after suffering a $916 million business loss in 1995 is based on the same law that prevented many housing companies from going out of business less than a decade ago. In fact, one lawyer said back when this was going on that the law was most applicable to homebuilders.

Hillary Clinton, the former Secretary of State and current Democratic nominee for president, is adding one of Sen. Elizabeth Warren’s close allies and a former executive at the Consumer Financial Protection Bureau to her transition team as she prepares for the coming election.

The Democratic vice presidential nominee, Sen. Tim Kaine, D-Virginia, spent much of his pre-politics career as a fair housing attorney, spending nearly 20 years fighting for fair housing, and it looks like he plans to continue that fight if he becomes vice president. Here, in Kaine's own words, is the Democrats' plan to ensure fair housing for all.

Republican presidential nominee Donald Trump spoke Thursday to the National Association of Home Builders. And in a wide-ranging speech that touched on the Iraq War, the current political climate in the Middle East, and much more, Trump doubled down on his claim that Democratic nominee Hillary Clinton and President Obama are the "founders of ISIS." He even managed to mix in some housing talk as well.

Well, we're smack dab in the middle of election season now, and housing is thus far, decidedly not on the agenda. But is that all about to change? While Republican nominee Donald Trump didn't touch on housing in his acceptance speech last week, the Republican Party platform does call for significant changes to the country's housing finance system. As for the Democrats, the party made two big moves over the weekend that could bring housing into the conversation.

The Obama Administration will not punish Department of Housing and Urban Development Secretary Julián Castro for violating federal election law when he discussed soon-to-be Democratic presidential nominee Hillary Clinton during an April interview.

If the Republican Party sweeps November’s elections, the world of housing finance could be in for some significant changes, as the party's 2016 platform calls for seriously cutting the government’s role in housing. The platform could potentially abolish the Consumer Financial Protection Bureau and end the use of disparate impact.

Department of Housing and Urban Development Secretary Julián Castro, rumored to be on former Secretary of State Hillary Clinton's shortlist for vice president, violated federal election law when discussing and endorsing Clinton during an April interview with Yahoo News. Here's the full story.

This month inHousingWire magazine

[Subscribers only] Multigenerational living, where two or more adult generations live under the same roof, is becoming a growing trend in the U.S. Currently about 19% of Americans now live in a multigenerational household, the highest level since 1950. That amounts to about 60.6 million adults in 2014, up from 57 million adults in 2012. And homebuilders have taken notice, designing houses specifically catered to this segment.

Feature

Would-be homeowners are inundated with picture-perfect examples of new and remodeled homes brimming with upgrades. But in the real world, homebuilders and investors must calculate the rate of return on these sometimes fleeting trends, weighing what buyers want with what they can actually afford. This feature looks at which features buyers of different age demographics consider the most important, and what that means for sellers.

Commentary

We’ve found that the handling and posting of payments during bankruptcy has been a widespread issue in our testing environment. Specifically, there is increased risk exposure in pre-and post-petition payment application and treatment, both inside and outside of the bankruptcy plan. Servicers and sub-servicers have created manual workflow workarounds to address the issue, however, it does open the servicer up to more exposure to calculation errors.